Finance ministry moves to establish Tax Policy Office, advertises six key positions
Director General and Directors for Economic Analysis, Business Taxation, Personal Taxation, International Taxation, and Direct/Indirect Taxation sought for new Tax Policy Office
Salaried class pays Rs331bn in taxes, 1,350% higher than retail sector
Retailers contributed only Rs23 billion as Tajir Dost scheme failed to meet targets, collecting just a fraction of its expected Rs50 billion; Govt fails to seek relief from IMF for salaried individualsÂ
Top-listed companies contribute Rs1.22 trillion in direct taxes in 2024
Auto assemblers lead with a 62% rise in tax contributions, followed by fertilisers at 19%, investment banks at 15%, commercial banks at 12%, textiles at 10%, and cement at 9%
Excise Dept takes over professional, luxury tax collection in Rawalpindi, Chaklala Cantts
10,000 shopkeepers, 312 luxury homeowners issued tax notices; deadline set before Eid
IMF considers lowering FBR’s tax collection target amid revenue shortfall: report
Any downward revision will depend on Finance Ministry’s ability to cut expenditures and ensure Rs1.2 trillion primary budget surplus; Fund also seeks projections for power sector’s circular debt in 2025-26
SC committee proposes Alternative Dispute Resolution mechanism to resolve tax-related casesÂ
Recommendations aim to ease judicial backlog and ensure swift revenue recoveryÂ
Tax shortfall reaches Rs606 billion in eight months despite 28% revenue growth
FBR collects Rs7.34 trillion against Rs7.95 trillion IMF target; income tax exceeds goal, but sales tax falls short by Rs579 billion
KPRA moves towards automation with PRAL’s online tax system
The system will support sustainable revenue growth by enabling data-driven decision-making and reducing tax collection risks
Rs5.5trn trade discrepancy with China uncovered, linked to under-invoicing, digital loopholes: report
Lack of port digitization enables tax evasion, misdeclaration of high value cargos
Punjab Revenue Authority collects record Rs22.21 billion in January
Tax revenue rises 21% year-on-year; fiscal year collection reaches Rs142 billion
Non-filers to face restrictions on vehicle registration, property acquisition, and stock purchases under new tax bill
Proposed Tax Laws (Amendment) Bill, 2024 to enforce stricter compliance, including freezing bank accounts and seizing property
LHC declines jurisdiction on factual assessment of tax refund claims
The Lahore High Court directs the Commissioner Inland Revenue (Appeals) to decide the matter within two months
Corporate sector leads with Rs3 trillion in income tax for FY24
Rs1.12 trillion were paid by individual taxpayers and Rs353 billion from associations of persons, FBR report revealsÂ
FBR highlights disparity in income and sales tax compliance for FY24
Tax body reports 4.74m income tax filers but only 234,193 sales tax filers in FY24; RTO Lahore leads tax compliance
Sindh Revenue Board’s tax collection rises by 23% in Jul-Dec
SRB records 27% growth in revenue collection for December 2024, amassing Rs27.03 billionÂ